2919 S Freya StSpokaneWA99223
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Spokane at 2919 S Freya St, Spokane, WA, 99223 priced at $282,000 pairs $1,800/mo rent with $93/mo cash flow after a $1,380/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $1,120/yr on $93,483 invested. Return on cash invested is 21.11% in year one, and rental yield stands at 7.66% on a $282,000 basis. Equity gained on principal adds $1,820/yr, and 5% annual appreciation accumulates to $77,911 by year five. Five-year ROI measures 109.12% and total cumulative return in cash reaches $102,013. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,380/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,445 (100%) |
| Owner Occupied HU | 9,190 (59.5%) |
| Renter Occupied HU | 5,738 (37.2%) |
| Vacant Housing Units | 517 ( 3.3%) |
| Median Home Value | $545,036 |
| Average Home Value | $621,616 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
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Listed by: Heather Lukes • RE/MAX Inland Empire
Mls Name: SMLS
Mls Provider:
Mls ID: #202513062
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.